https://www.taxtmi.com/caselaws?id=261330 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3,00,60,788 to the price of the international transaction. It agreed with using multiple year data for determining the arm's length price, recognized the fair profit distribution between the assessee and its parent company based on functions and risks, and accepted the comparables provided by the assessee. The Tribunal concluded that the international transactions were at arm's length, affirming the deletion of the addition made by the Assessing Officer. en-us Tue, 30 Jun 2015 00:00:00 +0530 Wed, 08 Jul 2015 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261330 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3,00,60,788 to the price of the international transaction. It agreed with using multiple year data for determining the arm's length price, recognized the fair profit distribution between the assessee and its parent company based on functions and risks, and accepted the comparables provided by the assessee. The Tribunal concluded that the international transactions were at arm's length, affirming the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261330